Rockefeller Capital Management L.P. Has $40.03 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Rockefeller Capital Management L.P. increased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 344,965 shares of the real estate investment trust's stock after purchasing an additional 48,552 shares during the quarter. Rockefeller Capital Management L.P. owned 0.32% of Camden Property Trust worth $40,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Sterling Capital Management LLC boosted its stake in shares of Camden Property Trust by 12.3% in the fourth quarter. Sterling Capital Management LLC now owns 18,969 shares of the real estate investment trust's stock valued at $2,201,000 after purchasing an additional 2,080 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 46,739 shares of the real estate investment trust's stock worth $5,424,000 after acquiring an additional 210 shares in the last quarter. Capital Fund Management S.A. boosted its holdings in Camden Property Trust by 117.8% in the fourth quarter. Capital Fund Management S.A. now owns 36,884 shares of the real estate investment trust's stock valued at $4,280,000 after purchasing an additional 19,948 shares during the last quarter. Bessemer Group Inc. increased its holdings in Camden Property Trust by 3.5% during the 4th quarter. Bessemer Group Inc. now owns 37,676 shares of the real estate investment trust's stock worth $4,372,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $17,616,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of CPT traded up $1.96 during mid-day trading on Friday, hitting $112.16. The company's stock had a trading volume of 581,671 shares, compared to its average volume of 913,623. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 74.77, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $94.88 and a fifty-two week high of $127.69. The firm has a 50-day moving average price of $118.31 and a 200 day moving average price of $118.02.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.74%. Camden Property Trust's dividend payout ratio (DPR) is presently 280.00%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays cut their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $127.61.

Camden Property Trust Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.